HRT Financial LLC Boosts Stake in Cisco Systems, Inc. (CSCO)

HRT Financial LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 234.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,642 shares of the network equipment provider’s stock after buying an additional 17,979 shares during the quarter. HRT Financial LLC’s holdings in Cisco Systems were worth $1,103,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Allstate Corp acquired a new position in Cisco Systems in the second quarter valued at about $241,000. Knights of Columbus Asset Advisors LLC grew its position in Cisco Systems by 47.1% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 121,025 shares of the network equipment provider’s stock valued at $5,191,000 after acquiring an additional 38,725 shares during the last quarter. United Capital Financial Advisers LLC grew its position in Cisco Systems by 2.8% in the first quarter. United Capital Financial Advisers LLC now owns 2,078,752 shares of the network equipment provider’s stock valued at $89,158,000 after acquiring an additional 56,027 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Cisco Systems in the first quarter valued at about $811,000. Finally, Stonebridge Capital Advisors LLC grew its position in Cisco Systems by 4.5% in the first quarter. Stonebridge Capital Advisors LLC now owns 87,570 shares of the network equipment provider’s stock valued at $3,756,000 after acquiring an additional 3,739 shares during the last quarter. 69.52% of the stock is owned by institutional investors.

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In related news, SVP Prat Bhatt sold 33,950 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $44.86, for a total value of $1,522,997.00. Following the sale, the senior vice president now directly owns 90,207 shares in the company, valued at $4,046,686.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Chandler sold 4,373 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $44.89, for a total value of $196,303.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 586,943 shares of company stock worth $27,718,423. Company insiders own 0.03% of the company’s stock.

A number of research analysts have issued reports on CSCO shares. JPMorgan Chase & Co. set a $59.00 target price on Cisco Systems and gave the company a “buy” rating in a research report on Thursday, August 16th. KeyCorp lifted their target price on Cisco Systems from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, November 15th. Loop Capital upgraded Cisco Systems from a “hold” rating to a “positive” rating and set a $45.00 target price on the stock in a research report on Thursday, November 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, October 3rd. Finally, Piper Jaffray Companies set a $50.00 target price on Cisco Systems and gave the company a “buy” rating in a research report on Tuesday, September 11th. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Cisco Systems currently has a consensus rating of “Buy” and a consensus price target of $50.26.

NASDAQ:CSCO opened at $46.44 on Friday. The stock has a market cap of $228.11 billion, a PE ratio of 19.85, a PEG ratio of 2.77 and a beta of 1.15. The company has a current ratio of 2.11, a quick ratio of 2.05 and a debt-to-equity ratio of 0.42. Cisco Systems, Inc. has a 1-year low of $37.35 and a 1-year high of $49.47.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 14th. The network equipment provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.03. The company had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $12.86 billion. Cisco Systems had a return on equity of 25.58% and a net margin of 2.52%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 2.7 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Friday, January 4th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Thursday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 56.41%.

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Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.